I assume much of that risk revolves around the actual LA location more than anything else in 2015-16.

I would opine-YES- property tax is in the CAM- especially when the lease states, "the cost and expense of complying with all federal, state and local laws, orders, regulations and ordinances applicable to the Property which are now in force".Property tax is a "local regulation" of the property.However, there should be a clause in the lease that states specifically what the CAM includes- sounds like your lease is somewhat ambiguous on this point- Nevertheless, I would still opine YES

Thanks for the reply, Jon - I think my true definition of retirement revolves around leaving the corporate world and investing into real estate full time. 

P&I @ 5% would be approx $1,075.00Rental rates are currently $19/sqft/yr (including CAM fees) totaling $22,800 or $1,900/monthly for 1200 sqft.

Also, some owners think dumping all expenses into CAM is the solution.

@Chris C.  am

I agree the question revolves around what you want your life to look like.

What you're talking about is 'revolving credit' right?

In your example number 1 it would be  "the price is 222 time rent" This is also a horrible ratiosIdeal valuation measure for investment property is 0.7% or more while 0.5% is acceptableI am curious where you cam up with that idea?

What are you going to buy, a revolver, pistol or a long gun?